Phillips Asia presents Gallery One Online Auctions

Image courtesy of Phillips

Phillips Asia Presents gallery one Online auctions

The next generation platform to buy and sell art

New digital initiative responding to the good results of online sales

HONG KONG – April 19, 2021 – Following the success of TO CUT online auction last month, which achieved the highest total ever for an online sale in company history, Phillips is pleased to launch the Hong Kong edition of gallery one, a new series of online auctions that are not bound by the traditional auction calendar. Scheduled for 2021 in April, May, October and December, each gallery one drop will take place over the course of a week and features a dynamic selection of carefully curated contemporary artworks.

The new digital initiative responds to the strong results of Phillips’ online programs since 2020. Last October, Phillips launched the New York edition of gallery one, which offers a new selection of works of art to collectors every week. To date, the first exclusively online platform has achieved a sales rate of almost 80% and attracted more than 1,000 subscribers. Moreover, recent TO CUT The multi-category online sale curated by its Asia team achieved over 80% of the presale estimate and a 97% sell-through rate, with 70% of contemporary artworks selling above the high estimate. The sale also expanded the company’s customer base with 44% new to Phillips buyers and 50% of them under the age of 40.

Isaure de Viel Castel, Head of 20th Century and Contemporary Art, Phillips Hong Kongsaid, “Strong results for the New York edition of gallery one stand as a strong proof of concept that buyers and sellers are looking for an easier exchange to transact art, and collectors in Asia have enthusiastically participated in our online auctions. We are very pleased to present to you the Hong Kong edition of gallery one responds to this success, and we look forward to easily and quickly connecting collectors and art lovers with high-quality works and offering a diverse selection of canvases, prints, editions and works. on paper by international artists.

Open for auction from April 28 to May 5, the first gallery one features works by sought-after names such as Javier Calleja, Yoshitomo Nara, Takashi Murakami, Tomoo Gokita, Zeng Fanzhi and Yayoi Kusama, as well as young artists such as Jordy Kerwick and Adriana Oliver.

The Hong Kong edition of gallery one online auctions run Wednesday through Wednesday, opening and closing at 8 p.m. HKT. For more information, please see https://www.phillips.com/galleryone/hongkong.

gallery one Hong Kong Calendar (2021 Second Half Calendar is subject to change)

April: April 28 – May 5

Can: May 12 – 19

October: October 20 – 27

December: December 8 – 15

ABOUT PHILLIPS

Phillips is a leading global platform for buying and selling 20th and 21st century art and design. With dedicated expertise in the areas of 20th century and contemporary art, design, photography, editions, watches and jewelry, Phillips offers professional service and advice on all aspects of collecting. Auctions and exhibitions take place in auction houses in New York, London, Geneva and Hong Kong, while customers are additionally served through representative offices based throughout Europe, the United States United States and Asia. Phillips also offers an online auction platform accessible anywhere in the world. In addition to offering opportunities to sell and buy through auctions, Phillips brokers private sales and offers assistance with appraisals, appraisals, and other financial services.

Visit www.phillips.com for more information.

*Estimates do not include buyer’s premium; the prices obtained include the auction price plus the buying commission.

PRESS CONTACTS:

HONG KONG – Ingrid Hsu, Public Relations Manager, Asia [email protected]

PHILLIPS NEW YORK – 450 Park Avenue, New York, NY 10022

PHILLIPS LONDON – 30 Berkeley Square, London, W1J 6EX

PHILLIPS HONG KONG – 14/F St. George’s Building, 2 Ice House Street, Central Hong Kong

PHILLIPS GENEVA – Rue de la Confederation, 7 Geneva 1204